The move will restrict international investment and trade flows to and from the Southeast Asian country.
Financial Action Task Force (FATF), a global money-laundering watchdog, says it has concerns that the country is highly vulnerable to money laundering.
They will put Cambodia on its “grey list” within the next couple of months.
Afghanistan says Pakistan strikes kill and injure dozens
Pakistan said it launched strikes on targets in Afghanistan after blaming recent suicide bombings, including assaults during the holy month of Ramadan, on fighters it said were operating from its neighbour's territory.
Police officer killed, dozens injured in bomb explosions in Ukraine's Lviv
One police officer was killed and 24 other people were injured after several explosive devices detonated at midnight in Lviv in western Ukraine, the National Police said on Sunday.
Trump pivots to new 15% global tariff after Supreme Court setback
President Donald Trump said on Saturday he will raise a temporary tariff from 10 per cent to 15 per cent on US imports from all countries, the maximum level allowed under the law, after the US Supreme Court struck down his previous tariff programme. The move came less than 24 hours after Trump announced a 10% across-the-board tariff on Friday after the court's decision. The ruling found the president had exceeded his authority when he imposed an array of higher rates under an economic emergency law. The new levies are grounded in a separate but untested law, known as Section 122, that al
Hong Kong plans to buy homes devastated in deadly high-rise fire
Hong Kong proposes to spend about HK$4 billion ($512 million) to buy out the owners of homes in a high-rise housing complex ravaged by a massive fire to resettle nearly 2,000 affected households.
US Supreme Court strikes down Trump's global tariffs
The US Supreme Court struck down Donald Trump's sweeping tariffs that he pursued under a law meant for use in national emergencies, handing a stinging defeat to the Republican president in a landmark opinion on Friday with major implications for the global economy.
